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The Austrian School of Economics is a tiny group of libertarians at war with mainstream economics. They reject even the scientific method that mainstream economists use, preferring to use instead a pre-scientific approach that shuns real-world data and is based purely on logical assumptions. Academia has generally ignored the Austrian School, and the only reason it continues to exist is because it is financed by wealthy business donors on the far right. The movement does not exist on its own scholarly merits.

I would disagreee with your assumptions regarding free market economics. I can tell you that those models go through rigorous debate inside the UofC, where some of the best minds in the world work. There are no logical assumption that aren't supported by data and mathematical support.

The move to free market economics is growing with already much of Eastern Europe adopting the policies. Recently in the UK you see and even in Ireland, with its Catholic socialistic history, there were protests over the week-end regarding raising of taxes. Sweden, a few years ago, also reduced its spending.

There is no profit motive in many things,. the market is great for maximizing profits with zero regard to the externalized costs, environmental degradation, human rights violations, oppressive conditions, and so forth and so on. The 'free' market may be a tool for maximizing profits, however it does absolutely nothing to limit mega-transnational-global corporations, or just some guy 'doing business' next door to you from dumping, cheating, and stealing, or pushing costs on to others so he can make a profit.

Thats the beauty of the free market. If consumers have a problem with how a company does business, they don't have to support that business. And if the businesses are violating the human rights of the workers, they can quit! Thats the beauty of the free market, if enough people have a problem with how a company does their business, than stop supporting them! Or, since it's a free market, people can create a business run how they want it to in order to compete with the other business. Its all very simple. Capitalism is what you guys should want, just with limited government involvement. When the government gets involved is when things get wacky.

There's no such thing as a free market. If there was, kids would be allowed to sell drugs in school, firearms could be sold in vending machines outside Capitol Hill and women would be allowed to have abortions to harvest the stem cells and sell them to laboratories. ALL markets have rules. "Free enterprise" is not the same as a "free market."

And yes, if brand X winds up killing people, they can stop buying it. But the whole point of government regulation in the first place is to prevent brand X from becoming deadly. There's a big difference between what libertarians call the "nanny state" and regulations against using lead paint on children's toys. Any argument that includes a blind devotion to the non-existent "free market" is based on a lie.

My dear friend, a free market needs rules and law so that people live up to their contracts. As for not allowing kids to sell drugs, thats called 'regulation'. Ever heard of that. The economics of free market has to be tempered with the rule of law and societal conduct. Not everything for which there is a buyer needs to be sold.

My dear friend I wouldnt trust a punk like you to sit the right way on a toilet seat. Any similarity between you and a human is purely coincidental. Just like Milton "the motherfucking anti christ"Friedman.

What you think were stupid . Shiffs job is a complete tax write. He doesnt have to pay his taxs he can hid his money in tax free bonds and any stock loss 's counts as a subsidy for 6years. Shiffs either a lying sac of shit or the stupidest 1% their is or maybe both.